Bytes Technology Group
Company typePublic limited company
LSE: BYIT
FTSE 250 component
IndustryReseller of computer software
Founded1982; 42 years ago (1982)
HeadquartersLeatherhead, Surrey, England.
Key people
  • Patrick De Smedt (Chairman)
  • Sam Mudd (Interim Chief Executive Officer)
RevenueIncrease £184.4 million (2023)[1]
Increase £50.9 million (2023)[1]
Increase £40.4 million (2023)[1]
Websitewww.bytesplc.com

Bytes Technology Group is a reseller of computer software in Leatherhead, Surrey, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History

The business was established in a shop in Epsom in 1982.[2] It was acquired by Allied Electronics Corporation (Altron), a company led by the entrepreneur, Bill Venter,[3][4] in 1998.[5] The company was demerged from Altron and was subject to an initial public offering on the London Stock Exchange in December 2020.[6]

In February 2024, the CEO, Neil Murphy, resigned abruptly after the board became aware of some previously undisclosed trades in the company's shares.[7]

Operations

The company is a reseller of computer software, principally of products made by Microsoft, but also of cloud storage, computer security and computer asset management software.[8] It was the largest reseller of Microsoft's Azure cloud computing software product in the UK during the year ended 30 June 2019.[9]

References

  1. ^ a b c "Annual Report 2023". Bytes Technology Group. Retrieved 12 February 2024.
  2. ^ "Bytes Technology off to a flyer in conditional trading after IPO". Proactive Investors. 11 December 2020. Retrieved 3 March 2021.
  3. ^ "The new Altron has byte and lots of IT". Sunday Times. 5 December 2018. Retrieved 3 March 2021.
  4. ^ "Altron founder Bill Venter retires". Business Report. 1 August 2018. Retrieved 3 March 2021.
  5. ^ "Prospectus: Bytes Technology Group" (PDF). Bytes Technology Group. Retrieved 28 February 2021.
  6. ^ "Altron jumps 5% on JSE after completion of Bytes demerger". Business Report. 18 December 2020. Retrieved 3 March 2021.
  7. ^ "Shares in Bytes Technology tumble after sudden exit of chief executive". Shares Magazine. 21 February 2024. Retrieved 19 March 2024.
  8. ^ "Software reseller Bytes Technology lines up pre-Christmas IPO". Shares Magazine. 9 November 2020. Retrieved 3 March 2021.
  9. ^ "Top VARs Q&A: Neil Murphy, Bytes Technology Group". Channel Web. 3 January 2020. Retrieved 3 March 2021.

External links

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